$Tesla(TSLA.US) +1% AH after beating 3Q estimates for adj earnings, auto gross margins ex-reg credits, and free cash flow. TSLA also reported a North America FSD attach rate of 75% vs 55% in 2Q. FSD subscriptions rose to 1.74M +67% vs YA.

I expect the stock to rise by more than the current AH indication of +1% as a result of this report, assuming Elon reiterates on the TSLA earnings call what he said yesterday on the $SpaceX(SPCX.US) call that a TSLA special committee is evaluating the merits of a TSLA-SPCX combination.

3Q:

- Adj EPS $.48 vs $.44 est

- Auto gross margin ex-reg credits 18.1% vs 16.7% est

- Revs $28.0B vs $28.1B est

- Free cash flow +$1.5B vs -$5.0B free cash burn est, due largely to lower CapEx.

- FSD attach rate in North America rose to 75% from 55% in 2Q.

- FSD subscribers 1.74M +67% YoY.

Conf call 530pm ET. Key questions will be on potential TSLA-SPCX combo, timing, next steps.